Question
There are zero coupon bonds outstanding that have a YTM of 5.61 percent and mature in 23 years. The bonds have a par value of
There are zero coupon bonds outstanding that have a YTM of 5.61 percent and mature in 23 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds?
$2,849.60 $2,731.18 $2,689.16 $2,707.83 $2,801.21
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ISE Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
18th International Edition
1265074658, 9781265074654
